A to Z of financial terms

Financial services sometimes use jargon or technical terms. The definitions in the A-Z are to explain these terms in more detail. They do not replace definitions used in any statutory or regulatory context such as the FCA Handbook. We try to ensure that the definitions are correct, but we don’t give any express or implied warranty as to their accuracy. We do not accept liability for any error or omission. The definitions in the A-Z are not intended to be financial or legal advice or formal guidance, or represent a formal FCA view. We may update the definitions from time to time. Please see the FCA disclaimer.